The balance sheets for Plasma Screens Corporation, along with additional information, are provided below: PLASMA SCREENS CORPORATION Balance Sheets December 31, 2021 and 2020 2021 2020 $ 154,350 74,480 86,000 2,200 $ 169,000 87,500 71,900 1,100 ces 435,000 726,000 (403,000) $1,074,950 435,000 625,000 (250,000) $1,139,500 Assets Current assets: Cash Accounts receivable Inventory Prepaid rent Long-term assets: Land Equipment Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Interest payable Income tax payable Long-term liabilities: Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' Equity $ $ 90,000 6,750 6,200 76,900 13,500 4,100 A 112,500 225,000 655,000 284,500 $1,074,950 655,000 165,000 $1,139,500 ORK Part 2 Saved 112,500 225,000 Notes payable Stockholders' equity: Common stock Retained earnings Total liabilities and stockholders' equity 655,888 204,589 $1,874,950 655,000 165,000 $1,139,500 Additional Information for 2021 1. Net income is $60,000. 2. The company purchases $101,000 in equipment 3. Depreciation expense is $153,000 4. The company repays $112,500 in notes payable. 5. The company declares and pays a cash dividend of $20,500 Required: Prepare the statement of cash flows using the indirect method. (List cash outflows and any decrease in cash os negative amounts.) NCYUNCU. Prepare the statement of cash flows using the Indirect method. (List cash outflows and any decrease in cash as negative amounts.) PLASHSCREENS CORPORATION Scent al Cash Flow For Year Ended December 31, 20121 Cash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Ner cash flows from investing activities Cash Flows from Financing Activities Net cash flow from fnancing activities Cash at the beginning of the period Cash at the end of the period